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Business Analytics: Data Analysis notes

S. Christian Albright, Wayne L. Winston - ISBN: 9781337225274

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View all 32 notes for Business Analytics: Data Analysis , written by S. Christian Albright, Wayne L. Winston. All Business Analytics: Data Analysis notes, flashcards, summaries and study guides are written by your fellow students or tutors. Get yourself a Business Analytics: Data Analysis summary or other study material that matches your study style perfectly, and studying will be a breeze.

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Chapter 14: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Many organizations must determine how to schedule employees to provide adequate service. If we assume that an organization faces the same situation each week, this is referred to as a. static scheduling problem b. dynamic scheduling problem c. transportation scheduling problem d. All of these options A meat market manager for a large grocery store is preparing a processing plan to stock the shelves with sausage, ground meat, and jerky, which he can prepare from beef, pork and venison. Sausag...

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Chapter 18: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Text files are also known as: a. Excel spreadsheets b. Excel workbooks c. ASCII files d. Notepad files 2. Anna is getting ready to insert a blank column, paste information from a previous spreadsheet into the first four rows of this column, and bold the heading. And she needs to do this for all 150 product lines in her area. How is this task best handled? a. Using the insert, copy, paste commands in Excel. b. Writing a macro to handle this repetitive task. c. Writing instructions that incorp...

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Chapter 20: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Which of the following is not one of Deming’s 14 Points? a. Use Lowest-Tender Contracts. b. Have Constancy of Purpose. c. Institute Leadership of People. d. Break Down Barriers. 2. Michael has incorporated a vigorous cross-training program within his department. This is an example of which of Deming’s 14 points? a. Improve Every Process. b. Institute Training. c. Drive Out Fear. d. Encourage Education. 3. Jada has decided to implement weekly meetings between departments to discuss issue...

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Chapter 2: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. A sample of a population taken at one particular point in time is categorized as: a. categorical b. discrete c. cross-sectional d. time-series c 2. Excel stores dates as a. numbers b. variables c. records d. text a 3. Researchers may gain insight into the characteristics of a population by examining a a. mathematical model describing the population b. sample of the population c. description of the population d. replica b 4. In order for the characteristics of a sample to be generalized to ...

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Chapter 5:Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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A popular retail store knows that the distribution of purchase amounts by its customers is approximately normal with a mean of $30 and a standard deviation of $9. Below you will find normal probability and percentile calculations related to the customer purchase amounts. Probability Calculations P(Sales < $ 15.00) = 0.048, P(Sales < $ 20.00) = 0.133, P(Sales < $ 25.00) = 0.289, P(Sales < $ 35.00) = 0.711 Percentiles Calculations 1st Percentile = $9.06, 5th Percentile = $15.20, 95th P...

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Chapter 01: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the following? a. Optimization techniques b. Decision analysis with uncertainty c. Structured sensitivity analysis d. All of these options 2. Which of the following statements is not true? a. Dealing with uncertainty includes measuring uncertainty. b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis. c. Dealing with uncertainty includes eliminating uncertainty by u...

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Test Bank Business Analytics Data Analysis and Decision Making 6th Edition by S. Christian Albright, Wayne L. Winston. complete Guide A+ Chapter 1-20
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Test Bank Business Analytics Data Analysis and Decision Making 6th Edition By S. Christian Albright, Wayne L. Winston || Complete Exam With Questions & Answers All Chapters ( 1-20) | Updated 2024 A+
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Test Bank Business Analytics Data Analysis and Decision Making 6th Edition By S. Christian Albright, Wayne L. Winston || Complete Exam With Questions & Answers All Chapters ( 1-20) | Updated 2024 A+ Bank Business Analytics Data Analysis and Decision Making 6th complete exam questions and answers Chapter 1-20 1. The decision-making themes covered in Business Analytics: Data Analysis & Decision Making include which of the following? a. optimization techniques b. decision analysis with uncerta...

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Chapter 10: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Data collected from approximately the same period of time from a cross-section of a population are called: a. time series data b. linear data c. cross-sectional data d. historical data 2. Regression analysis asks: a. if there are differences between distinct populations b. if the sample is representative of the population c. how a single variable depends on other relevant variables d. how several variables depend on each other 3. In regression analysis, the variables used to help explain or...

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Chapter 18: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Text files are also known as: a. Excel spreadsheets b. Excel workbooks c. ASCII files d. Notepad files 2. Anna is getting ready to insert a blank column, paste information from a previous spreadsheet into the first four rows of this column, and bold the heading. And she needs to do this for all 150 product lines in her area. How is this task best handled? a. Using the insert, copy, paste commands in Excel. b. Writing a macro to handle this repetitive task. c. Writing instructions that incorp...

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Chapter 20: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Which of the following is not one of Deming’s 14 Points? a. Use Lowest-Tender Contracts. b. Have Constancy of Purpose. c. Institute Leadership of People. d. Break Down Barriers. 2. Michael has incorporated a vigorous cross-training program within his department. This is an example of which of Deming’s 14 points? a. Improve Every Process. b. Institute Training. c. Drive Out Fear. d. Encourage Education. 3. Jada has decided to implement weekly meetings between departments to discuss issue...

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1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the following? a. Optimization techniques b. Decision analysis with uncertainty c. Structured sensitivity analysis d. All of these options 2. Which of the following statements is not true? a. Dealing with uncertainty includes measuring uncertainty. b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis. c. Dealing with uncertainty includes eliminating uncertainty by u...

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Business Analytics Data Analysis Decision Making 5th Edition Albright Business Analytics Data Analysis Decision Making 5th Edition Albright Business Analytics Data Analysis Decision Making 5th Edition Albright1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the following? a. Optimization techniques b. Decision analysis with uncertainty c. Structured sensitivity analysis d. All of these options ANSWER: d 2. Which of the following stateme...

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